Popular Foundations Limited IPO Details
SME
Popular Foundations IPO opens for subscription on 13 Sep 2024 and closes on 19 Sep 2024. The IPO will be listed on BSE with the tentative listing date set for 24 Sep 2024.
Popular Foundations IPO price band has been fixed at ₹37 – ₹37 per share.The face value is ₹10 per share with a lot size of 3000.
Popular Foundations IPO total issue size comprises 53,70,000 shares (aggregating up to ₹19.87 Cr). This includes a fresh issue of 53,70,000 shares (aggregating up to ₹19.87 Cr). Pre-issue shareholding stands at 1,50,08,000, which will increase to 2,03,78,000 post-issue.
Popular Foundations IPO Lot Size : Retain Minimum is 1 lot (3,000 shares) amounting to ₹111,000. Retain Maximum is 1 lot (3,000 shares) amounting to ₹111,000. HNI Minimum is 2 lots (6,000 shares) amounting to ₹222,000.
The Lead Managers for Popular Foundations IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Srujan Alpha Capital Advisors Llp. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Spread X Securities. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Popular Foundations Limited RHP.
Popular Foundations IPO Details
Popular Foundations IPO Subscription
Popular Foundations IPO Application Wise Breakup
Popular Foundations IPO Dates
- 13 Sep 2024Opening dateOPD
- 19 Sep 2024Closing dateCOD
- 20 Sep 2024Allotment Date BOA
- 23 Sep 2024Initiation of RefundsIOR
- 23 Sep 2024Credit of SharesCOS
- 24 Sep 2024Listing dateLID
Popular Foundations IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 3000 | ₹111,000 |
| Retain Maximum | 1 | 3000 | ₹111,000 |
| HNI Minimum | 2 | 6000 | ₹222,000 |
Popular Foundations IPO Reservation
Promoter Holding
Popular Foundations IPO Valuations
Popular Foundations Financial Information
Popular Foundations Limited's revenue increased by 7% and profit after tax (PAT) rose by 191% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 6,354.87 | 4,864.7 | 4,929.49 | |||||||||||||||||||||||||||
| Revenue | 5,191 | 4,866.89 | 2,630.17 | |||||||||||||||||||||||||||
| Profit After Tax | 347.76 | 119.61 | 48.08 | |||||||||||||||||||||||||||
| Net Worth | 2,313.11 | 1,483.69 | 1,384.08 | |||||||||||||||||||||||||||
| Reserves and Surplus | 812.31 | 1,383.69 | 1,284.08 | |||||||||||||||||||||||||||
| Total Borrowing | 1,578.4 | 1,753.99 | 1,835.37 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
About Popular Foundations IPO
Founded in 1998, Popular Foundations Limited specializes in engineering and construction services and offers comprehensive end-to-end solutions in the construction sector.
The company is dedicated to construction practice in various sectors such as factories, educational institutions, and commercial and residential projects. However, the company strategically focuses on non-residential and non-government construction projects in and around Chennai. Apart from Chennai, the company has successfully executed projects in Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram and Coimbatore.
Competitive strengths:
- Experienced management team: The company's management team has experience in the industry and is responsible for the growth of operations and financial performance.
- On-time delivery and reputation building: By ensuring that projects are completed on time, the company empowers consumers to make informed decisions. In addition, completing projects on time helps improve the company's reputation in the marketplace, giving the company a competitive advantage.
- Quality design: The company's commitment to quality design sets it apart from the competition and ensures that its properties stand out in terms of aesthetics and functionality.
- Robust business model: The company's business model is a comprehensive framework that focuses on customer orientation, fair pricing and strategic market positioning.
- Established brand and reputation: The company offers its customers added value that helps to gain their trust. The brand and reputation with customers have not only contributed to the company's success, but have also positioned it for future business opportunities.
As of September 07, 2024, the company employed 86 employees on-site and at headquarters, including senior executives.
Strength Of Popular Foundations IPO
1. Experienced Management Team.
2. Building Excellence - A Team Led by Seasoned Leadership and Expert Engineers.
3. Our Supremacy in Quality Design.
4. One Brand, One Standard, One Uniform Quality.
5. Timely Delivery and Reputation Building.
6. Robust Standard Operating Procedures.
7. Professional Management and Ethical Practices.
8. Expertise in civil construction - thriving in hospitality and educational institutional sectors.
9. Robust business model driving excellence in construction.
10. Established brand and reputation.
Risk Of Popular Foundations IPO
1. If the company fails to comply with employee- related or health and safety laws and regulations or any other local laws or regulations in the states in which the company operates, its business and results of operations may be materially and adversely affected.
2. Any manufacturing defect or poor maintenance systems of the machinery may cause strain on its machinery and lead to delays in implementation of its projects.
3. A delay and/or failure in the supply of materials, services and finished goods from third parties at acceptable prices and quality or at all may materially and adversely affect its business, results of operations and prospects.
4. The Company has experienced negative cash flow from operating activities in prior periods and may continue to do so in the future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.
5. Currently, the company is involved in an indirect tax-related case. Unfavorable rulings in this proceeding could result in liabilities, penalties, and potentially have adverse effects on its business operations and financial results.
6. The company dependence on leased properties may impact its operations due to lease agreement uncertainities.
7. The company relies significantly on some suppliers for the supply of its materials. If these suppliers are unable or unwilling to supply materials on time or otherwise fail to meet its requirements, its business will be harmed. An inability to procure the desired quality, quantity of its materials in a timely manner and at reasonable costs, or at all, may have a material adverse effect on its business, results of operations and financial condition.
8. The company is subject to various risks with respect to its engineering and construction business, including, without limitation, costs increase above estimates, changes in scope of work and cost overruns which may cause it to experience reduced profits or losses and in some cases, cancellation or deferrals of contracts.
9. The restated financial statements have been provided by peer reviewed chartered accountants who is notstatutory auditor of the Company.
10. The company has entered into, and will continue to enter into, related party transactions.
Objectives Popular Foundations IPO
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company;
- Funding the working capital requirements of the Company; and
- General corporate purposes.
Company Contact Details
Popular Foundations Limited
New No. 32/1, 32/2, Old No. 9/1, 9/2,
Kamatchi Apartment, 10th Avenue,
Ashok Nagar, Chennai - 600083
Phone: +91 941498731
Email: info@grouppopular.com
Website: http://www.grouppopular.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
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